Carrefour has opened its first-ever smart supermarket in Shanghai in partnership with Tencent, four months after the parent company of China’s ubiquitous WeChat app bought a stake in the French retailer. The Le Marche store in China’s commercial capital is… Read More>>
Leading today’s Hong Kong real estate news, a 19-storey Ginza-style commercial building owned by Henderson Land and Lai Sun Group is reportedly nearing a sale to an unidentified buyer for HK$3.9 billion. Also in the headlines, Tuesday’s record-breaking Kai Tak… Read More>>
Asia’s largest warehouse developer Global Logistic Properties, better known as GLP, has set up a RMB 10 billion ($1.6 billion) private equity fund in China to invest in logistics-related businesses, the company’s first fund targetting assets beyond real estate.
The… Read More>>
China’s second-largest e-commerce company by sales, JD.com, has opened its first unmanned store in Xiong’an New Area, a new district being built just south of Beijing that the central government intends to develop into a new economic hub.
JD.com opened… Read More>>
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com’s founder and chief executive vowed late last week to open 1,000 stores every day this year.
“As of last month, JD.com opened 1,000 convenience… Read More>>
naked Hub, the biggest premium coworking operator in Asia, has become the first flexible office provider to offer online, on-demand access to space with the launch this week of its naked Hub GO service.
Coming just two months after the… Read More>>
After failed attempts to sell Evergrande-branded cooking oil and bottled water, Chinese property tycoon Xu Jiayin has fixed on AI and quantum physics as the newest business opportunities for the country’s second-ranked home builder by contracted sales.
Xu’s Evergrande Group… Read More>>
Mainland ecommerce giant Alibaba revealed late last week that it has signed a cooperation agreement with five of China’s top 10 property developers to expand its Hema smart supermarket chain on the mainland.
The agreement between the Alibaba online to… Read More>>
HNA may be struggling to stay afloat, but China’s late debt drunkard can at least feel good that some of its investments have paid off, according to our lead story today. Plus the conglomerate apparently still has some credit on… Read More>>
Chinese e-commerce giant JD.com continues to expand its brick-and-mortar empire, building on its existing ventures in physical supermarkets and convenience stores by taking a cornerstone stake in the IPO of one of the mainland’s largest outlet mall chains.
JD.com is… Read More>>